RE: Is this still alive14 Sep 2023 13:49
In my humble opinion I have come to the conclusion that investors are simply being misled by the Management and we are not being provided with a true reflection of what is actually going on. Virtually every business that James Parsons is associated with, the picture is the same.
AST have a top heavy Board of Directors and supposedly there is activity taking place on a variety of fronts. The consistent factor across the whole of the business though is that no tangible results are being achieved...anywhere. The strategy appears to be to just keep the business running to justify everyone drawing a salary. The so called leaders are not actively driving the business in any direction - that is why the share price remains where it is.
As an investor for more than 5 years, all I have ever been fed is of a compelling investment and jam tomorrow! If the business was doing so well then the Directors could not justify working on a part time roll.
They're all conveniently associated with each other in several other businesses producing the same results. Their only meaningful contribution is to drain the company.
I'll say it again...Parsons and Dennan please move on!! I'm sure there are more than a few willing candidates with a simple Accountancy background who could do a much better job on a 1/3 of the salary. If I'm wrong then produce one tangible result that your input has generated!
It is embarrassing but more a reflection of AIM as to how this pattern continues!!